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Florida Statute 655.56 | Lawyer Caselaw & Research
F.S. 655.56 Case Law from Google Scholar
Statute is currently reporting as:
Link to State of Florida Official Statute Google Search for Amendments to 655.56

The 2023 Florida Statutes (including Special Session C)

Title XXXVIII
BANKS AND BANKING
Chapter 655
FINANCIAL INSTITUTIONS GENERALLY
View Entire Chapter
F.S. 655.56
655.56 Collection of fines, interest, or premiums on loans made by financial institutions.No fines, interest, or premiums paid on the following loans made by any financial institution shall be deemed usurious, and the same may be collected as debts of like amount are now collected by law in this state and according to the terms and stipulations of the agreement between the financial institution and the borrower:
(1) Loans secured by a first lien on real estate.
(2) Loans secured by savings accounts to the extent of the withdrawal value thereof.
(3) Loans secured by the pledge of those loans described in subsections (1) and (2) and by the pledge of investments of a type in which the financial institution is authorized to invest, provided the loans and investments so pledged shall be subject to all restrictions and requirements which would be applicable were the financial institution to invest directly in such loans or investments.
(4) Loans secured by a wrap-around mortgage, inferior to the first mortgage, in which the mortgagee is contractually obligated to make the payments required under the first mortgage.
History.s. 42, ch. 92-303.

F.S. 655.56 on Google Scholar

F.S. 655.56 on Casetext

Amendments to 655.56


Arrestable Offenses / Crimes under Fla. Stat. 655.56
Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 655.56.



Annotations, Discussions, Cases:

Cases from cite.case.law:

COOPERATIVE FINANCE ASSOCIATION, INC. v. GARST GARST, v. COOPERATIVE FINANCE ASSOCIATION, INC., 927 F. Supp. 1179 (N.D. Iowa 1996)

. . . $5,267.36 (90% of $5,852.62 total fees claimed) is reduced by $1,053.47 to $4,213.89; (2) investigation, $655.56 . . .